Ringo Manufacturing is considering the purchase of a new machine for $60,000. The machine is expected to save the firm $15,000 (before tax) per year in operating costs over a 5 year period, and can be depreciated on a straight-line basis to a zero salvage value over its life. Alternatively, the firm can lease the machine for $7,000 per year for 5 years, with the first payment due in 1 year. The firm's tax rate is 40%, and its before tax cost of debt is 10%. The Net Present Value of buying the new machine is: ENTER ANSWER TO THE DOLLAR. DO NOT ENTER COMMAS OR "$" SIGNS. ENSURE YOU INCLUDE A "-" IF THE ANSWER IS NEGATIVE 46200